Food producers made up 38 of the 110 manufacturing employer establishments in Hawaii County, HI in 2023 (CBP, NAICS 311 and 31-33).
Funding for Hilo, HI manufacturers: food processing and bottling equipment, CNC and coating lines, second shifts and raw materials.
At a glance
- Manufacturing, Hawaii County, HI
110 employer establishments with 1,596 employees (CBP 2023, NAICS 31-33)
- Food manufacturing, Hawaii County, HI
38 employer establishments (CBP 2023, NAICS 311)
- Manufacturing, ZIP 96720
40 employer establishments (ZBP 2023)
- Manufacturing with no paid employees, Hawaii County, HI
383 (Nonemployer Statistics 2024)
Business loan to buy machinery for Hawaii County, HI: press brakes, laser cutters and second shifts
A press brake or a fiber laser cutter is a large, single purchase with a dealer quote and a serial number, so equipment financing is built for it: the machine backs its own payment. A second shift is a different need. The machine is already there, but the wages, the extra power and the material for the added hours come first, and working capital carries them until the larger orders are invoiced and paid.
Metal work is a small part of manufacturing in Hawaii County, HI. County Business Patterns counted 6 fabricated metal product manufacturing employer establishments there in 2023 (NAICS 332, which includes machine shops) and 9 printing and related support businesses (NAICS 323). A shop that buys a press brake can show in its request the work the machine is for.
Used CNC machine financing in Hilo, HI: raw material buys for a new contract
A used CNC machine can be financed when the seller can give the make, model, year, controller and hours, and a partner may ask for an inspection or a run-off test before it funds.
A new contract often needs raw material before it needs a machine. Illustration only, invented figures: a manufacturer wins an order that calls for $22,400 of material, paid to the supplier before production starts, while the customer pays 45 days after delivery. Inventory financing or a line of credit can carry that material from the supplier’s invoice to the customer’s payment, and the purchase order is the document that explains the amount.
CNC machine financing for Hawaii County, HI: powder coating lines, ovens and booths
Powder coating adds a finishing step a shop would otherwise send out: a spray booth with filters and exhaust, a cure oven sized to the largest part, a blast cabinet for surface prep and racks to hang the parts. A CNC router or plasma table often comes with it. All of these are equipment, and they can sit on one request when one dealer quotes the line.
A cure oven and a booth need a supplier installation plan. Fixed electrical, gas and ventilation upgrades are excluded from this funding. A term loan can be compared for the equipment and supplier setup; on a leased site, any landlord consent needed for setup belongs to the lease review.
Manufacturing equipment loans in Hilo, HI: filling machines, roasters and steam kettles
Food producers are about a third of the county’s manufacturing employers: 38 of the 110 manufacturing employer establishments in Hawaii County, HI in 2023 were food manufacturing (CBP, NAICS 311 within 31-33), or 34.5%. Their equipment is food processing gear: steam kettles, filling and bottling machines, coffee roasting equipment, packaging and labeling lines. Here is an invented bottling line for a Hilo, HI producer; it is not an offer:
| Item | Price |
|---|---|
| Rotary filler and capper | $42,000 |
| Pressure-sensitive labeler | $11,500 |
| Conveyor and accumulation table | $6,800 |
| Total | $60,300 |
Illustration only, invented figures: financed over 60 months at 10.75% a year, the $60,300 line costs the producer $1,303.56 per month, $78,213.60 over the full term, so $17,913.60 goes to interest. A roaster with its afterburner can be financed the same way.
Machine shop financing for Hawaii County, HI: CNC lathes, welding cells and raw steel
A machine shop that adds CNC lathes or a robotic welding cell buys the machine, the tooling and the fixtures together, and the cell may need a safety enclosure and a programming station. Raw steel and bar stock for the jobs that keep the machines busy are a working capital or inventory cost, not equipment.
Wages are a large, steady cost for a producer with staff: the 2023 County Business Patterns file reports $73.6 million in annual payroll for 1,596 manufacturing employees in Hawaii County, HI, about $46,086 per employee by our arithmetic, and 44.5% of the 110 manufacturing employer establishments had fewer than five employees. Food manufacturers employed 645, about 17 per establishment. ZIP 96720 addresses held 40 manufacturing employer establishments in 2023 (ZBP). The 2024 Nonemployer Statistics counted 383 manufacturing businesses with no paid employees in the county. Other trades are on the industries page; the Hilo, HI page walks through what happens once a producer calls.
By Tealvale Capital Group · Updated
